Al Etihad Insurance Deposits Proceeds of Selling Fractional Shares Resulting from Capital Increase in Shareholders Accounts

Al Etihad Cooperative Insurance Company announced on Thursday the distribution of proceeds, to eligible shareholders, from the sale of fractional shares in connection with the Company’s issuance of one bonus share for every eight shares held by shareholders, as approved by the extraordinary general assembly (second meeting) held on Thursday 30 June 2022.

The company said in a statement on Thursday on Tadawul that the number of shares sold was 7850, while the amount of return from the sale of fractional shares amounted to SR112,255, with an average selling price of SR14.3 per share.

Indicating that the date of depositing the amounts of selling fractional shares in the accounts of eligible shareholders will be on 07-28-2022.

The proceeds from the sale of the fractional shares will be deposited by Banque Saudi Fransi directly to investors’ bank accounts, linked to their investment portfolios.